Category archives: Products

Iron Ore DCE September Daily Technical Review 19/04/22

Verdict – Short-term bearish     DCE iron ore September contract collapsed as the China MIIT announced a decrease on crude steel production before noon. Iron ore broke the major resistance at 900.0 and erasing all growth on previous three trading days. Hourly CCI created the lowest since April 11th. Hourly slow stochastic KD created …

Continue reading “Iron Ore DCE September Daily Technical Review 19/04/22”

Daily Virtual Steel Mill Report 19/04/22

Market Verdict on Iron Ore： • Neutral.   Macro • China first quarter GDP 4.8%, est. 4.2%, fourth quarter GDP at 4.0% in 2021. • World bank set up global GDP growth rate target at 3.2%, previously 3.2%. • The U.S. Fed shift to the hawkish to accelerate raising interest rates by 50 basis points …

Continue reading “Daily Virtual Steel Mill Report 19/04/22”